Balance Sheet the December 31, 2018 balance sheet accounts of the Hitt Company are shown here in alphabetical order:

Accounts payable $22,400

Accounts receivable $21,500

Accumulated depreciation: buildings 53,000

Accumulated depreciation: equipment 35,100

Additional paid-in capital on common stock 24,000

Additional paid-in capital on preferred stock 11,500

Allowance for doubtful accounts 800

Bonds payable (due 2021). 77,000

Buildings 144,000

Cash. 2,900

Common stock, $10 par. 30,000

Current taxes payable. $10,400

Discount on bonds payable. 6,900

Equipment 72,400

Inventory 37,200

Land. 30,000

Marketable securities (short-term) 6,100

Patents (net). 9,800

Preferred stock, $100 par 21,000

Retained earnings 46,200

Salaries payable. 2,000

Trademarks 2,600

Required

1. Prepare the December 31, 2018 balance sheet of the Hitt Company (Formal, classical Balance Sheet)